• Short Sales

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Idaho Short Sales

A short sale is a sale of real estate in which the sales price is less then the balance of debts secured by liens against the property, i.e. home loans, and the property owner cannot afford to pay the difference. In this instance, the lien holders agree to release their lien on the real estate and accept less than the amount owed on the home.

Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties. A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. Both often result in a negative credit report against the property owner.

 

Short Sale Homes

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This is a great investment property. The home has great potential. Home is being sold as is in a short sale.
ACERAGE-SINGLE-STORY home in Mountain Home, ID. Features: 3 bed, 2 bath, open-floor plan, stainless-steel appliances, utility room w/ tub sink, master-walk-in shower & master-separate-closets, two-tone interior paint, attached-two-car garage, detached-three-car-garage, separate shop w/ wood stove, landscaped-front yard, large RV-parking w/ 30 amp hook-up, 1.29-ACRE lot, pressurized irrigated pasture, room for horses, chickens & garden, no HOA. Not a short sale, not a REO & not in foreclosure.
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